U.S. Census Bureau
U.S. Bureau of Economic Analysis
NEWS
U.S. Department of Commerce * Washington, DC 20230
FOR IMMEDIATE RELEASE
8:30 A.M. EST THURSDAY, NOVEMBER 10, 2011
For information on goods contact:
For information on services contact:
U.S. Census Bureau:
Matthew Przybocki
301-763-3148
Maria Iseman
301-763-2311
U.S. Bureau of Economic Analysis:
Technical: Edward Dozier
202-606-9559
Media:Ralph Stewart
202-606-2649
CB11-188, BEA11-54, FT-900 (11-09)
U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
September 2011
Goods and Services
The U.S. Census Bureau and the U.S. Bureau of
Economic Analysis, through the Department of Commerce,
announced today that total September exports of $180.4
billion and imports of $223.5 billion resulted in a goods and
services deficit of $43.1 billion, down from $44.9 billion in
August, revised. September exports were $2.5 billion more
than August exports of $177.9 billion. September imports
were $0.7 billion more than August imports of $222.8 billion.
In September, the goods deficit decreased $2.0 billion
from August to $58.9 billion, and the services surplus
decreased $0.2 billion to $15.8 billion. Exports of goods
increased $2.6 billion to $129.3 billion, and imports of goods
increased $0.6 billion to $188.2 billion. Exports of services
decreased $0.1 billion to $51.1 billion, and imports of services
increased $0.1 billion to $35.3 billion.
The goods and services deficit decreased $0.9 billion from
September 2010 to September 2011. Exports were up $24.7
billion, or 15.9 percent, and imports were up $23.8 billion, or
11.9 percent.
Goods (Census Basis)
The August to September increase in exports of goods
reflected increases in industrial supplies and materials ($1.4
billion); consumer goods ($0.8 billion); automotive vehicles,
parts, and engines ($0.2 billion); and capital goods ($0.1
billion). A decrease occurred in other goods ($0.1
billion). Foods, feeds, and beverages were virtually
unchanged.
The August to September increase in imports of goods
reflected increases in industrial supplies and materials ($0.9
billion); automotive vehicles, parts, and engines ($0.5 billion);
and foods, feeds, and beverages ($0.2 billion). Decreases
occurred in other goods ($0.6 billion); capital goods ($0.4
billion); and consumer goods ($0.2 billion).
The September 2010 to September 2011 increase in
exports of goods reflected increases in industrial supplies and
materials ($11.8 billion); capital goods ($3.9 billion);
automotive vehicles, parts, and engines ($1.8 billion);
consumer goods ($1.5 billion); and foods, feeds, and
beverages ($0.9 billion). A decrease occurred in other goods
($0.2 billion).
The September 2010 to September 2011 increase in
imports of goods reflected increases in industrial supplies and
materials ($14.4 billion); automotive vehicles, parts, and
engines ($2.8 billion); capital goods ($2.7 billion); foods,
feeds, and beverages ($1.3 billion); consumer goods ($0.8
billion); and other goods ($0.2 billion).
Services
Exports of services decreased $0.1 billion from August to
September. Decreases in other private services (which
includes items such as business, professional, and technical
services, insurance services, and financial services) and
passenger fares were partly offset by an increase in other
transportation (which includes freight and port services).
Changes in the other categories of services exports were small.
Imports of services increased $0.1 billion from August to
September. Increases in travel and passenger fares were
partly offset by a decrease in other private services. Changes
in the other categories of services imports were small.
The September 2010 to September 2011 increase in
exports of services was $4.2 billion. The largest increases were
in other private services ($1.6 billion), travel ($0.9 billion), and
royalties and license fees ($0.9 billion). Within other private
services, the largest increase was in business, professional, and
technical services.
The September 2010 to September 2011 increase in
imports of services was $0.9 billion. The largest increases were
in passenger fares ($0.3 billion), royalties and license fees
($0.3 billion), and travel ($0.3 billion).
Goods and Services Moving Average
For the three months ending in September, exports of
goods and services averaged $178.6 billion, while imports of
goods and services averaged $223.2 billion, resulting in an
average trade deficit of $44.6 billion. For the three months
ending in August, the average trade deficit was $47.4 billion,
reflecting average exports of $175.8 billion and average
imports of $223.2 billion.
Selected Not Seasonally Adjusted Goods Details
The September figures show surpluses, in billions of
dollars, with Hong Kong $4.3 ($2.4 for August), Australia $1.4
($1.4), Singapore $1.3 ($1.0), and Egypt $0.1 ($0.4). Deficits
were recorded, in billions of dollars, with China $28.1 ($29.0),
OPEC $10.4 ($13.3), European Union $6.4 ($9.0), Japan $5.2
($6.7), Mexico $5.0 ($5.5), Germany $4.3 ($4.5), Canada $3.5
($2.4), Ireland $2.3 ($2.9),Venezuela $2.0 ($3.0), Nigeria $1.9
($3.0), Korea $1.5 ($0.7), and Taiwan $1.5 ($1.6).
Advanced technology products exports were $24.2 billion
in September and imports were $32.5 billion, resulting in a
deficit of $8.3 billion. September exports were $0.4 billion
more than the $23.9 billion in August, while September
imports were $0.4 billion less than the $33.0 billion in August.
Revisions
Census Basis (not seasonally adjusted)
For August, exports of goods were virtually unrevised and
imports of goods were revised down $0.5 billion. Goods carry-
over in September was $0.1 billion (0.1 percent) for exports
and $1.2 billion (0.6 percent) for imports. For August, revised
export carry-over was $0.2 billion (0.1 percent). For August,
revised import carry-over was virtually zero.
Balance of Payments Basis (seasonally adjusted)
For August, exports of goods were virtually unrevised and
imports of goods were revised down $0.5 billion.
For August, exports of services were revised up $0.3
billion, mostly reflecting an upward revision in travel. For
August, imports of services were revised up $0.1 billion,
reflecting upward revisions in travel and passenger fares.
Table of Contents
Seasonally Adjusted
Exhibit 1
U.S. International Trade in Goods and Services
1
Exhibit 2
U.S. International Trade in Goods and Services Three-month Moving Averages
2
Exhibit 3
U.S. Services by Major Category – Exports
3
Exhibit 4
U.S. Services by Major Category – Imports
4
Exhibit 5
U.S. Trade in Goods
5
Exhibit 6
Exports and Imports of Goods by Principal End-Use Category
6
Exhibit 7
Exports of Goods by End-Use Category and Commodity
7
Exhibit 8
Imports of Goods by End-Use Category and Commodity
9
Exhibit 9
Exports, Imports, and Balance of Goods, Petroleum and Non-Petroleum End-Use
Category Totals
11
Exhibit 10
Real Exports and Imports of Goods by Principal End-Use Category (2005 Chain-
weighted dollars)
12
Exhibit 11
Real Exports, Imports, and Balance of Goods, Petroleum and Non-Petroleum End-
Use Commodity Category Totals (2005 Chain-weighted dollars)
13
Not Seasonally Adjusted
Exhibit 12
U.S. Trade in Goods
14
Exhibit 13
Exports and Imports of Goods by Principal End-Use Category
15
Exhibit 14
Exports, Imports, and Balance of Goods by Selected Countries and Areas
16
Exhibit 15
Exports and Imports of Goods by Principal SITC Commodities
18
Exhibit 16
Exports, Imports, and Balance of Advanced Technology Products
20
Exhibit 16a
Exports, Imports, and Balance of Advanced Technology Products by Technology
Group and Selected Countries and Areas
21
Exhibit 17
Imports of Energy-Related Petroleum Products, Including Crude Oil
22
Exhibit 18
Exports and Imports of Motor Vehicles and Parts by Selected Countries
23
Information on Goods and Services
A-1